Quote:
Originally Posted by Wayne at Pelican Parts
It's a great time to sell a car now - the bad news hasn't caught up to the market. I predict prices will be declining well into 2011 - 2012...
-Wayne
|
I will counter predict that prices will fall through the end of 2009, then sit for awhile. The best cars will always fetch the best price and may not suffer
any depreciation for the simple fact that they aren't getting any newer, or better, or with less miles.
True, the top priced Ferrari's lost nearly 50% in the early 90's, but this is now when those cars are 15 years older. I think that will make a difference in all the older sports cars market.